PVH plans to cut about 4% of global workforce in reorganization
PVH•PVH plans to cut approximately 4% of its workforce, or around 12% of office-based staff, as part of a global restructuring. It expects at least $100 million in net pre-tax savings in fiscal 2027 and at least $150 million in annualized savings from fiscal 2028.
1. Workforce reductions
PVH launched a global restructuring on November 12, targeting approximately 4% of its workforce, primarily in non-consumer-facing roles. Some cuts are starting immediately, with remaining actions expected in the first quarter of 2027; the company expects to complete the restructuring by the end of fiscal 2027.
2. Expected savings
The cuts represent around 12% of office-based staff. PVH expects at least $100 million in net pre-tax savings in fiscal 2027, including $45 million in previously anticipated annualized savings, and at least $150 million in full annualized net pre-tax savings beginning in fiscal 2028.
